Importance of property valuation

Posted by Epaphroditus Lock on February 20th, 2017

Property Valuation in Dubai is an estimating process generally carried out by professional valuators to calculate worth of a particular object. Property valuation is one among them which is carried out to know the worth of properties they own forboth individuals and the business organizations. In abusiness organization, estimation of their brand, copyrights of company, intellectual property related rights, goodwill of the company and company performance related to marketing and promotions are valued on regularly basis to know properties worth they hold.

Property can be valued for numerous reasons and at different events. Some of those valuations reasons are stated below :

• Buying or selling of properties:Generally selling and buying transactions of proprieties are carried out only after valuing properties. Commonly 6 –10% of Property Valuation Dubai will be calculated as rent that can be charged on it after estimating property value. Valuation is very crucial not only in case of any of the buying or selling transactions but also important if an individual decides to lease his house.
• Mortgages or loans onproperty:Banks, money lenders and even pawn brokers lend mortgage loans only after considering the value of properties by Real Estate Valuation Dubaiprocess in both the cases of construction loans and loans applied with property as a security.
• For Taxation purpose: Taxation is levied onlyafter calculating the value of a property. There are many government authorities, where an individual is supposed to pay taxes like wealth tax, municipal tax, valuer tax, vacant land tax, ground rent tax and many more.
• For Transferring Property Rights: Property Valuation Services compulsion in case of transferring property rights to anyone else and stamp duty is also calculated based on the value obtained in this valuation process.
• Compulsory acquisition: Valuation of property is mandatory in cases like compulsory acquisition or auction of property and also when an organization or an individual declare them as bankrupt.

Properties that act as primarily security and secondary collateral needs to be evaluated compulsorily if you areseeking loans against them and the loans are granted on that property value through Adroit valuation process. Every business organization has two types of assets, one is tangible assets and other is intangible assets. Both these assets are valued at regular intervals to know the value of properties owned by the organization and practiced as a regulation and also for profit calculation in yearly, monthly or daily balance sheet. Both organizations and individuals calculate their properties values through valuation. Value of a particular place is estimated to know the exact price of a land, a factory or a building. Intellectual property transparency, validity, reliability and financial parameter are greatly supported by brand valuation appropriation process of intangible assets value.

For More Info :- Machinery Valuation Services